TSG Development Co (ROCO:3521) ROCE %: -4.37% (As of Dec. 2025)

What is TSG Development Co ROCE %?

TSG Development Co ROCO:3521 +9.92% 58 ROCE % is -4.37% as of Dec. 2025. GuruFocus rates ROCO:3521 with a GF Score™ of 58/100 and a GF Value™ of NT$10.10 (Significantly Overvalued). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. TSG Development Co's annualized ROCE % for the quarter that ended in Dec. 2025 was -4.37%.

TSG Development Co (ROCO:3521) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

TSG Development Co ROCE % Related Terms

TSG Development Co ROCE % Historical Data

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The historical data trend for TSG Development Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TSG Development Co ROCE % Chart

TSG Development Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-8.77

-9.86

-18.36

-5.39

1.55

TSG Development Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
ROCE %	Get a 7-Day Free Trial															-23.54	-9.32	11.61	8.20	-4.37

58GF Score

TSG Development Co Ltd ROCO:3521

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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TSG Development Co ROCE % Calculation

TSG Development Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	23.758	/	( ( (1704.256 - 135.161)	+	(1800.585 - 313.947) )	/ 2 )
	=	23.758	/	( (1569.095	+	1486.638)	/ 2 )
	=	23.758	/	1527.8665
	=	1.55 %

TSG Development Co's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Sep. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Sep. 2025 )		(Q: Dec. 2025 )
	=	-67.056	/	( ( (1631.232 - 47.535)	+	(1800.585 - 313.947) )	/ 2 )
	=	-67.056	/	( ( 1583.697	+	1486.638 )	/ 2 )
	=	-67.056	/	1535.1675
	=	-4.37 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -4.37% mean?

TSG Development Co (ROCO:3521) has a ROCE % of -4.37% as of Dec. 2025.

Is TSG Development Co's ROCE % too high?

TSG Development Co's current ROCE % is -4.37%. Overall, TSG Development Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does TSG Development Co's ROCE % compare to PWR and FIX?

TSG Development Co's ROCE % of -4.37% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Construction company?

The median ROCE % among Construction companies is 8.22, based on 1,748 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSG Development Co's current ROCE % is -4.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TSG Development Co stock overvalued right now?

Based on GuruFocus' analysis, TSG Development Co (ROCO:3521) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.10, compared to a current price of NT$13.30 — trading 31.7% above its estimated fair value. The current ROCE % is -4.37%. TSG Development Co's overall GF Score™ is 58/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For TSG Development Co (ROCO:3521), the current ROCE % is -4.37% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TSG Development Co (ROCO:3521) Overvalued in 2026?

Based on GuruFocus' analysis, TSG Development Co stock appears to be overvalued. The current stock price of NT$13.30 is trading 31.7% above its estimated GF Value™ of NT$10.10. GuruFocus considers TSG Development Co to be Significantly Overvalued.

Key valuation signals for ROCO:3521:

ROCE %: -4.37%
GF Value™: NT$10.10 vs. price of NT$13.30 (31.7% above fair value)
GF Score™: 58/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TSG Development Co Business Description

Industry Industrials Construction

Comparable Companies TPE:3052 ROCO:7590 ROCO:3313 ROCO:6750 TPE:2516 ROCO:5548 TPE:7631 ROCO:5547 ROCO:7583 ROCO:4550 PWR XPAR:DG FIX NSE:LT XKRX:028260 XAMS:FER XTER:HOT XMAD:ACS EME MTZ

Address 25th Floor, No. 502, Jiuru 1st Road, Sanmin District, Kaohsiung City, Taipei, TWN, 235

Website https://www.datavan.com.tw

TSG Development Co Ltd Formerly Datavan International Corp is engaged in the research and development, design, manufacture and sale of endpoint sales system software and hardware, import and export of computer information equipment and its peripheral equipment parts and accessories, and development and sale of residential and buildings for lease, investment in construction of public works and real estate trading. It operates in two reportable operating segments: Technology Business Division; and Construction Business Division, which earns majority of the revenue from real estate construction and related sales management services and other businesses. Geographically, its operations are spread across Asia, Europe, Americas and Other with majority of the revenue generating from Asia.

58GF Score

Get the complete analysis for ROCO:3521

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$13.30

Price

NT$10.10

GF Value

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